Positive market signals have encouraged investors to invest in tourism property projects. According to Savills Hotel Consultation, midscale and luxury hotels and resorts in Nha Trang and Cam Ranh are projected to increase 29% a year for the next 3 years. Da Nang tourism properties are predicted to rise 30%; Phu Quoc properties 27%. Domestic travel companies say Da Nang and the central region have advantages for golf tourism.
Ngo Hoai Chung, Deputy Director General of the Viet Nam National Administration of Tourism, said: “Viet Nam’s tourism development strategy to 2020 and vision to 2030 identifies golf tourism as a high-priority specialized tourism product. We aim to make golf tourism a principal product of Da Nang and the central region, help localities attract investment, and connect travel agencies and golf course owners.”
Natural conditions, government policies, and market demand give the tourism property market in Viet Nam a great potential to prosper.